PSG, a Kansas City- and Boston, MA-based growth equity firm partnering with lower middle-market software and technology-enabled service companies, closed PSG Europe, the firm’s debut Europe-focused fund, with €1.25 billion in limited third-party partner commitments.
The fund received commitments from existing and new PSG investors, including state pension funds, sovereign wealth funds, family offices and high net worth individuals.
The final close of PSG Europe brings PSG’s aggregate capital commitments across the U.S. and Europe to more than $5 billion.
PSG’s European investment strategy mirrors the firm’s buy and build strategy in the U.S., which has a track record of partnering with management teams to scale businesses through organic and inorganic growth.
To date, PSG Europe has made seven platform investments in Europe with the acquisitions of Hornetsecurity, Imaweb, MAPAL Group, Nomentia, Signaturit Solutions, SKEEPERS and Sympa, as well as 12 closed add-on acquisitions. Today, PSG’s European portfolio consists of companies with operations across 14 countries, enabling the acceleration of digital software solution adoption across large sectors of the economy.
Led by Dany Rammal, Managing Director and Head of PSG Europe, the London-based PSG Europe team consists of 22 investment professionals advising on fund investments in European growth-stage and lower middle-market software and B2B services companies.
Founded in 2014 and led by Mark Hastings, Chief Executive Officer, and Peter Wilde, Chairman, PSG is a growth equity firm that partners with lower middle-market software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities and build strong teams.
FinSMEs
02/02/2021